USCO manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derived the following income for the current year: Determine the amount of income that USCo must report as a deemed dividend under subpart F in each scenario. (Leave no answer blank. Enter zero if applicable.) Problem 24-59 Part a (Algo) a. F1 has gross income of $9.50 million, including $380,000 of foreign personal holding company interest and $9.12 million of gross income from the sale of inventory that F1 manufactured at a factory located within its home country. Amount of income reported million